ORG Partners LLC Has $1.82 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

ORG Partners LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,620 shares of the information services provider’s stock after purchasing an additional 602 shares during the period. ORG Partners LLC’s holdings in Alphabet were worth $1,822,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. LMR Partners LLP acquired a new position in shares of Alphabet during the third quarter worth $32,000. Denver PWM LLC bought a new position in Alphabet in the second quarter valued at about $41,000. Quarry LP acquired a new stake in shares of Alphabet during the second quarter valued at about $53,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Alphabet during the third quarter worth about $66,000. Finally, Mendota Financial Group LLC increased its stake in shares of Alphabet by 19.0% in the third quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock valued at $67,000 after buying an additional 64 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GOOGL. Morgan Stanley boosted their target price on shares of Alphabet from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $210.00 target price on shares of Alphabet in a research report on Thursday, December 12th. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price target (up previously from $200.00) on shares of Alphabet in a research report on Wednesday, October 30th. Sanford C. Bernstein raised their price objective on Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $190.00 target price on shares of Alphabet in a report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $207.08.

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 441 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the transaction, the director now owns 16,490 shares in the company, valued at $2,820,779.40. This trade represents a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $164.95, for a total transaction of $247,425.00. Following the completion of the sale, the director now directly owns 26,324 shares in the company, valued at approximately $4,342,143.80. This trade represents a 5.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 155,887 shares of company stock valued at $27,996,356. Company insiders own 11.55% of the company’s stock.

Alphabet Stock Down 0.1 %

NASDAQ:GOOGL traded down $0.27 on Friday, hitting $193.68. The stock had a trading volume of 9,026,248 shares, compared to its average volume of 21,281,814. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $201.42. The firm’s fifty day simple moving average is $182.20 and its two-hundred day simple moving average is $173.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market cap of $2.37 trillion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 1.35 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same period last year, the company posted $1.55 earnings per share. Analysts predict that Alphabet Inc. will post 8.01 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.41%. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.